Friday, November 1, 2013

Trade Idea: USD/JPY - Buy at 97.80

Although dollar's retreat after rising to 98.69 earlier this week suggests consolidation below this level would be seen and near term downside risk remains for marginal weakness, still reckon previous resistance at 97.80 would limit downside and bring another rise later, above the upper Kumo (now at 98.43) would bring



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